Economy

Russian Federation cancels diplomatic meeting in wake of USA sanctions

Russian Federation cancels diplomatic meeting in wake of USA sanctions At that point, the outlines of the Russian assault on the USA election were increasingly apparent. A new report reveals that officials under former President Obama feel that the administration "choked" on handling Russian Federation because of overconfidence in a Hillary Clinton election victory. [Full Article...]

Big banks clear Fed's stress test

Big banks clear Fed's stress test For the third year in a row, all of America's 34 largest lenders were found to have sufficient capital buffers to pass the annual stress tests enacted by President Obama after the financial crisis. U.S. unemployment would rise to 10 per cent, accompanied by a 35 per cent drop in commercial real estate prices and pressures on corporate loan markets as well. [Full Article...]

Trump to announce plan to stop cash flow to Cuban military

Trump to announce plan to stop cash flow to Cuban military Moscow said Trump's policy changes showed that "anti-Cuban discourse is still widely in demand". While campaigning past year in Miami, which is home to a large Cuban-American population, Trump pledged to reverse Obama's efforts to normalize relations with Cuba unless it met certain "demands", including granting Cubans religious and political freedom, and releasing all political priso... [Full Article...]

Mission MLA Steve Thomson elected Speaker of the BC Legislature

Mission MLA Steve Thomson elected Speaker of the BC Legislature Aboriginal Relations Minister John Rustad will assume the job of Forests Minister with Thomson's departure. NDP Leader John Horgan made reference to Thomson's rugby past. Normally, the Speaker does not vote on legislation. Traditionally, the Speaker has been the non-partisan referee of the chamber, enforcing the rules and ensuring all MLAs get appropriate time to speak. [Full Article...]

Kushner arrives to try for Israeli-Palestinian breakthrough

Kushner arrives to try for Israeli-Palestinian breakthrough Jason Greenblatt , Mr Trump's worldwide envoy, arrived on Monday. U.S. Ambassador Nikki Haley, who has accused the Security Council of "bashing Israel", called on the body to address the threat of Hamas . "Something is happening, but I can't say peace is around the corner". Israel says the so-called "Martyrs' Fund" provides an incentive for Palestinian violence. [Full Article...]

Ivanka Trump says administration will ease burden of child care costs

Ivanka Trump says administration will ease burden of child care costs Joni Ernst, South Carolina Sen. "Just left a productive meeting on the Hill to discuss issues affecting American working families, including childcare & paid family leave!" she wrote. "It's so important to have Ivanka Trump use her platform to shine a light on the challenges working families face", said Fischer. Trump has three children and is often credited with pushing her father to prio... [Full Article...]

Foreign investors bet billions on China blue-chips joining MSCI index

Foreign investors bet billions on China blue-chips joining MSCI index United States index provider MSCI said on Tuesday it would add mainland Chinese stocks to its global emerging markets benchmark index, after having declined to do so for the past three years. Kim Jung-hyun, an analyst at IBK Securities, expected the Korean stock market to see a possible outflow of more than 24 trillion won in the long term if China's inclusion into the index is completed. [Full Article...]

Armed man rams vehicle into police van in Paris

Armed man rams vehicle into police van in Paris Interior Ministry spokesman Pierre-Henry Brandet says the driver whose auto exploded as he tried to ram a police vehicle is "most probably" dead. Interior Minister Gerard Collomb said the man was killed after an attempted attack on a police convoy. [Full Article...]

Doctors: Scalise remains critical, but 'excellent recovery' possible

Although Scalise was able to talk while lying injured on the ball field, he had gone into shock by the time he was transported by helicopter to the hospital and arrived "in critical condition with an imminent risk of death", Sava said. The shooter was identified as James T. Hodgkinson , a 66-year-old home inspector from IL. "In Washington we have our disagreements, but we all agree that we are ... [Full Article...]

How major USA stock market indexes fared on Wednesday

How major USA stock market indexes fared on Wednesday Analysts said lacklustre data on USA homebuilder sentiment and industrial production dented confidence in light of the Federal Reserve's decision on Wednesday to raise the benchmark lending rate for the third time in six months, and signal an additional hike later this year. [Full Article...]

Sarah Sanders: Donald Trump Has 'No Intention' of Firing Robert Mueller

House Russia probe leader Michael Conaway, a Texas Republican, and Rep. Adam Schiff, the investigation's top Democrat, were set to meet with former Homeland Security Secretary Jeh Johnson - just a few days after Senate investigators interviewed him. [Full Article...]

Uber CEO to take leave, leadership team to run company

Uber CEO to take leave, leadership team to run company The review, undertaken by United States lawyer Eric Holder , essentially takes as read that Uber has significant problems with its workplace culture and offers 10 detailed recommendations on how to fix it. The company released the report moments after Kalanick's temporary leave was announced , detailing 47 separate suggestions to improve the company's culture-the first of which begins, "Revi... [Full Article...]

Starbucks teams with Lady Gaga for 'Cups of Kindness'

Starbucks teams with Lady Gaga for 'Cups of Kindness' The second iced drink's even more vibrant - and is the one Gaga says she "instantly fell in love with" the moment she tried it. Starbucks is contributing a minimum of US$250,000 to Gaga's foundation. This violet-pink beverage is flavoured with fresh blackberries and Starbucks' Very Berry Hibiscus Refreshers stirred together with coconut milk and ice. [Full Article...]

Rays' Kevin Kiermaier on DL with broken hip after slide

Rays' Kevin Kiermaier on DL with broken hip after slide Tampa Bay answered in the bottom of the first with an RBI single from Longoria that scored Peter Bourjos . "It's cool to have seven hits in a day but now I've got to worry about Sunday", Alonso said. He had gone 1-for-3 with an RBI double and a stolen base prior to the injury . That can't be said for the A's, who continue to struggle. Smith began the season with the Rays, appearing in eight g... [Full Article...]

Eurozone growth revised up to 2-year high

Eurozone growth revised up to 2-year high The Euro has been tight against the Pound and US Dollar today, ahead of a major Eurozone announcement. An expectation, said Mr Draghi , is not the same as a promise. The size of the ECB's stimulus "looks increasingly out of line with the economic backdrop", said Ken Wattret, an economist with TS Lombard in London . [Full Article...]

Morning Scan Zames to leave JPMorgan Chase; House passes Choice Act

Early indications are that the Senate version may leave much of the Volcker rule intact while helping lift some of the regulations said to be hampering small- and medium-sized banks from lending. The bill guts every essential element of the Wall Street reform law meant to protect Americans and the economy, and to keep big banks from running amok. [Full Article...]

Yahoo shareholders approve sale of core business to Verizon

Yahoo shareholders approve sale of core business to Verizon Yahoo shareholders voted Thursday to approve a revised agreement for Verizon to buy Yahoo's core Internet assets for $4.48 billion, according to preliminary results from a special shareholder meeting. Share with Us - We'd love to hear eyewitness accounts, the history behind an article, and smart, constructive criticism. The division will also incorporate businesses Verizon added when it ... [Full Article...]

Mattis, Indonesian Defense Minister Discuss Cooperation

Mattis, however, went on to say, "We can not and will not accept unilateral, coercive changes to the status quo" in the South China Sea . Yet Mattis offers a positive and helpful tone for cooperation and peace in the Asia-Pacific region. [Full Article...]

WWDC 2017: Apple introduces smart compact music speaker

Rumors of an Apple smart speaker have been floating around for at least a year , so the fact that the company unveiled one at its 2017 Worldwide Developers Conference wasn't a shock. We are guessing that Apple has tuned into the expertise it gained from its acquisition of Beats back in May 2014, which was meant to raise its competitive outlook in the music streaming business. [Full Article...]

Trump lashes out at London mayor -- again

Trump lashes out at London mayor -- again Mr Khan's spokesperson had described the first round of presidential tweets as "ill-informed" - and said they had deliberately taken the mayor's remarks out of context. New York City's mayor Bill de Blasio had already made his feelings known on Twitter, writing: "Mayor Sadiq Khan is doing an extraordinary job supporting Londoners in a time of pain. [Full Article...]


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